Medline Inc., a major maker and seller of medical supplies based in Northfield, IL, has publicly filed papers for an initial public offering that could become the largest U.S. stock market listing this year, Crain’s Chicago Business reports. The company earned $655 million in profit on sales of $13.5 billion during the first six months ending June 28, showing growth from the previous year's $587 million profit on $12.3 billion in sales.
The medical supplies company and its owners—Blackstone, Carlyle Group, and Hellman & Friedman—are planning to raise around $5 billion through this IPO, which would value Medline at up to $50 billion. According to the Crain’s Chicago Business report, this would surpass the 2011 listing of HCA Healthcare, which raised $4.35 billion.
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